10 Richest Neighborhoods in Houston
Go Back To Previous Page1. River Oaks: the Richest Neighborhood in Houston
The wealthiest neighborhood in Houston is River Oaks, located on the city’s west side near Memorial Park. This area is famous for its affluent community and first-class excellence. With
majestic oak trees lining the streets and various exciting local eateries and social clubs, River Oaks offers an ideal setting for luxury living.
Local amenities include the Landmark River Oaks Theater, the River Oaks Shopping Center, and the Bayou Bend Collection and Gardens. The average home value in River Oaks is $1.9 million, making it the premier choice for those seeking an upscale lifestyle.
If you’re interested in exploring other wealthy areas throughout the state, check out the most prosperous cities in Texas.
2. West University Place: the second Richest Neighborhood in Houston
West University Place, located just minutes from downtown Houston, is the second wealthiest neighborhood in the city. This affluent and highly desirable area boasts a unique blend of bustling local businesses, boutiques, restaurants, coffee shops, and bars, creating an atmosphere of wealth and sophistication.
Additionally, West University Place is one of Texas’s safest places to live.
The resident demographic primarily includes students and young professionals, contributing to a lively atmosphere rich in commerce and entertainment. The residential architecture varies from charming colonial-style brick homes to multi-million dollar mansions, with average home prices around $1.6 million.
With a per capita income of approximately $128,000, this neighborhood is exclusive to Houston’s wealthiest individuals and families.
3. Southside Place
Southside Place is one of the wealthiest and most expensive neighborhoods in Houston. Located in the city’s southwestern quadrant, this neighborhood is one of the most affluent areas in Texas. Its small-town charm and peaceful atmosphere attract buyers who want to live near the city without the hustle and bustle of urban life.
Southside Place features many newly constructed properties, making it a popular choice for homebuyers seeking modern alternatives to historic estates.
The average home value in Southside Place is approximately $1.5 million, ranking it the third-most expensive neighborhood for home purchases in Houston.
4. Woodland Heights
Woodland Heights is one of Houston’s wealthiest neighborhoods just north of downtown. It is part of the Greater Heights area and was initially designed as an affluent community for the upper middle class. Today, it continues to embody that legacy.
The homes in Woodland Heights are on 106 acres of land, featuring generous setbacks, large front yards, and abundant trees, grass, and flowers.
Thanks to its proximity to downtown Houston, Woodland Heights is an ideal destination for commuters and those wishing to enjoy big-city amenities without crowded streets. The average home value in this neighborhood is approximately $1.46 million, making it one of the most expensive areas for homebuyers in Houston.
5. Afton Oaks
Located just south of River Oaks, Afton Oaks is one of Houston’s most affluent neighborhoods. Thanks to its tree-lined streets and numerous sidewalks, this area is ideal for nature lovers and outdoor enthusiasts. It provides residents with the convenience of being close to central Houston while maintaining the friendly atmosphere of a suburban community.
The local architecture features a variety of styles, ranging from ranch-style homes to impressive new constructions. Residents can also benefit from the area’s 24/7 patrol services, tree preservation programs, and the Afton Oaks Civic Club. Home values in Afton Oaks average around $944,000, making it a stunning addition to Houston’s wealthiest neighborhoods.
6. Hyde Park
Hyde Park is one of Houston’s wealthiest and most historic neighborhoods. Established in 1893, it was initially part of Mirabeau Lamar’s estate. Today, the neighborhood is within Houston’s Inner Loop, making it easily accessible to all the city’s amenities.
Primarily a residential area, Hyde Park features a range of architectural styles, including vintage bungalows, townhomes, and condos. Additionally, it is surrounded by numerous business centers, shopping districts, and restaurants, providing residents with plenty of entertainment options.
The average home value in Hyde Park is approximately $743,000, which maintains its status as a desirable area for Houston homebuyers.
If you’re seeking a more peaceful place to live outside the city, consider exploring Houston’s best suburbs.
7. Timbergrove
Timbergrove is one of Houston’s wealthiest and most desirable neighborhoods. Situated within the Inner Loop, this area is characterized by a blend of urban and suburban vibes: various local amenities, including restaurants, shopping centers, and theaters, surround its mid-century ranch-style home.
For outdoor enthusiasts, Timbergrove offers plenty of local parks, hiking trails, and biking paths. The active civic association also fosters a strong sense of community, making it an ideal place for those who value close-knit neighborhoods. With so much to offer, it’s surprising that home prices in this area average around $655,000.
8. Memorial Park
Memorial Park is one of the wealthiest neighborhoods in Houston. Situated along Washington Avenue on the city’s west side, It is an upscale area boasting a variety of excellent restaurants, lounges, and wine bars. The park is the main attraction, spanning 1,500 acres and offering hiking and biking trails, sports fields, golf courses, and more.
Lastly, the average home price in Memorial Park is $647,000; however, the neighborhood also features some of Houston’s most expensive properties, including many multi-million dollar estates. The median household income in this area is $134,500, which is among the highest in the city.
9. Montrose
Montrose is one of the most expensive neighborhoods in Houston. Known for its vibrant cultural scene, it offers a rich environment for those who appreciate an artistic lifestyle. Montrose is southwest of downtown Houston and is famous for its bohemian spirit and distinctive character.
The streets are lined with elegant hotels, which increase the neighborhood’s liveliness through a blend of local culture, art, dining, and nightlife.
Lastly, residents of Montrose will appreciate the neighborhood’s diverse amenities, which include tattoo parlors, art galleries, cafes, antique malls, thrift shops, and more. Montrose’s home values average around $639,000, making it ideal for those seeking a vibrant and upscale living experience.
10. Braeswood Place
Braeswood Place is one of the wealthiest neighborhoods in Houston. Located in southwest Houston, this serene community comprises several residential subdivisions and has around 20,000 residents.
Braeswood Place provides convenient access to some of Houston’s top attractions, including NRG Stadium, Hermann Park, and the Houston Zoo. The area is characterized by its affluent families, with an average home price of $536,800 and a median household income of $114,600.
Georges has been working in Wall Street for the last 16 years trading derivatives with hedge funds. He has been an active real estate investor for over a decade. Georges graduated from HEC Business School in Paris and holds a master in Finance from ESADE Barcelona.
